QUITMAN, Texas, June 06, 2018 (GLOBE NEWSWIRE) -- Northern Minerals & Exploration Ltd. (Stock Symbol:NMEX) is pleased to make the following announcements:
NMEX is in Mexico for Development Discussions on Laguna Bacalar
Since signing the MOU on the Bacalar Lagoon project, NMEX has had several inquiries about participating in the development of the property. The Property is a part of the COSTA Maya and is located near the recently discovered Ichkabal Mayan ruins and is situated in BACALAR LAGOON on the Caribbean coast of the Yucatan Peninsula.
An award winning Architectural Firm has recently completed design of the masterplan for a 40 room Boutique Hotel & Resort, Spa & Wellness Center with 40 Luxury Villas & 50 High End Condos.
Nearly 10 million people visited the state of Quintana Roo last year, according to the Tourism Secretariat of Quintana Roo. A definitive agreement is now being prepared to finalize the terms of the joint venture. It is called the lake of seven colors because of the white sandy bottom that gives the effect of having so many shades of blue, but it does look like the ocean.
NMEX becomes a current filer with the Security Exchange Commission (SEC)
On May 29th, NMEX filed the 10Q for the quarter ending January 31, 2018, which makes NMEX a current filer with the SEC. The STOP sign on the OTC markets has been removed. NMEX management is excited with the potential for additional investor interest in NMEX now that this huge barrier has been removed.
About NMEX:
Northern Minerals & Exploration (“NMEX”) is an emerging publicly traded company focused on oil and gas exploration & production in Texas, gold & silver exploration in Nevada & hotel & resort development in Mexico.
For further information on NMEX please go to www.otcmarkets.com or the company website at www.nmex.us or the Company’s filings at www.otcmarkets.com.
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Forward Looking Statements:
Statements which are not historical facts contained in this release are forward looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers’ preferences and trends. The words “estimate,” “possible,” “seeking,” and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements. The information herein is subject to change without notice. Northern Minerals & Exploration Ltd. shall not be liable for technical or editorial errors or omissions contained herein. This article highlights key provisions in the 500-page tax reform bill. It is not a comprehensive explanation of changes to the tax code, nor is it intended for use as tax guidance or advice. Readers should consult with a qualified tax professional on how this new law affects their interests.
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